Income Statement of the TUI Group for the period from 1 Oct 2018 to 30 Sep 2019

€ million 2019 2018 adjusted Var. %
Turnover 18,928.1 18,468.7 + 2.5
Cost of sales 17,257.4 16,465.8 + 4.8
Gross profit 1,670.7 2,002.9 – 16.6
Administrative expenses 1,219.4 1,291.3 – 5.6
Other income 21.3 67.4 – 68.4
Other expenses 22.5 3.5 + 542.9
Impairment of financial assets 4.5 20.1 – 77.6
Financial income 119.7 83.8 + 42.8
Financial expenses 171.4 165.5 + 3.6
Share of result of joint ventures and associates 297.5 292.1 + 1.8
Earnings before income taxes 691.4 965.8 – 28.4
Income taxes 159.5 190.9 – 16.4
Result from continuing operations 531.9 774.9 – 31.4
Result from discontinued operations 38.7 n. a.
Group profit 531.9 813.6 – 34.6
Group profit attributable to shareholders of TUI AG 416.2 727.2 – 42.8
Group profit attributable to non-controlling interest 115.7 86.4 + 33.9